Segall Bryant & Hamill LLC Acquires 56,282 Shares of FLIR Systems, Inc. (FLIR)

Segall Bryant & Hamill LLC lifted its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 8.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 718,670 shares of the scientific and technical instruments company’s stock after buying an additional 56,282 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.52% of FLIR Systems worth $27,963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FLIR. Cramer Rosenthal Mcglynn LLC boosted its stake in shares of FLIR Systems by 153.9% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 3,038,846 shares of the scientific and technical instruments company’s stock worth $105,326,000 after buying an additional 1,841,965 shares during the period. Thrivent Financial For Lutherans boosted its stake in shares of FLIR Systems by 109.9% during the second quarter. Thrivent Financial For Lutherans now owns 1,277,188 shares of the scientific and technical instruments company’s stock worth $44,267,000 after buying an additional 668,598 shares during the period. Findlay Park Partners LLP boosted its stake in shares of FLIR Systems by 38.3% during the third quarter. Findlay Park Partners LLP now owns 2,165,000 shares of the scientific and technical instruments company’s stock worth $84,240,000 after buying an additional 600,000 shares during the period. BlackRock Inc. boosted its stake in shares of FLIR Systems by 6.6% during the second quarter. BlackRock Inc. now owns 9,366,367 shares of the scientific and technical instruments company’s stock worth $324,639,000 after buying an additional 576,951 shares during the period. Finally, Eagle Asset Management Inc. boosted its stake in shares of FLIR Systems by 253.7% during the second quarter. Eagle Asset Management Inc. now owns 798,986 shares of the scientific and technical instruments company’s stock worth $27,692,000 after buying an additional 573,103 shares during the period. Institutional investors and hedge funds own 91.55% of the company’s stock.

In other FLIR Systems news, SVP Todd M. Duchene sold 9,000 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $47.00, for a total value of $423,000.00. Following the completion of the transaction, the senior vice president now directly owns 29,767 shares of the company’s stock, valued at $1,399,049. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven E. Wynne sold 11,200 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $47.34, for a total transaction of $530,208.00. The disclosure for this sale can be found here. Insiders have sold 22,036 shares of company stock valued at $1,039,316 over the last three months. 3.00% of the stock is currently owned by corporate insiders.

FLIR Systems, Inc. (FLIR) opened at $46.16 on Thursday. The stock has a market cap of $6,409.06, a PE ratio of 25.41 and a beta of 0.62. FLIR Systems, Inc. has a 1-year low of $33.75 and a 1-year high of $48.06. The company has a current ratio of 3.48, a quick ratio of 2.36 and a debt-to-equity ratio of 0.22.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $464.70 million during the quarter, compared to analysts’ expectations of $446.06 million. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. analysts predict that FLIR Systems, Inc. will post 1.86 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 1.30%. FLIR Systems’s dividend payout ratio is currently 37.74%.

Several equities research analysts have recently weighed in on FLIR shares. Needham & Company LLC increased their target price on shares of FLIR Systems from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, September 6th. Robert W. Baird reissued a “hold” rating and set a $34.00 price target on shares of FLIR Systems in a report on Tuesday, October 24th. Raymond James Financial increased their price target on shares of FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 25th. Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a report on Thursday, October 26th. Finally, SunTrust Banks increased their price target on shares of FLIR Systems from $37.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $46.33.

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About FLIR Systems

FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.

Institutional Ownership by Quarter for FLIR Systems (NASDAQ:FLIR)

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